$SPY #SPY Friendly reminder that we are entering a historically strong time of the year going into April.— Jake Wujastyk (@Jake__Wujastyk) March 16, 2022
Month by month seasonality shown below since the financial crisis lows in 2009.
April has a 92% win rate which means that 92% of the time, April closes higher than March. pic.twitter.com/DqZWACfFMk
The liquidity bomb continues.— Chris Carolan $=1/∞ (@spiralcal) March 16, 2022
Today's value has doubled from the pre-open snapshot. pic.twitter.com/UvCy3P85CM
#FederalReserve— jeroen blokland (@jsblokland) March 16, 2022
- Dot plot showing target rate above neutral rate
- Emphasizes strength of US economy
- Ready to do more to reach price stability
Powell is serious about restoring its credibility, will sound hawkish for the next couple of #FOMC meetings at least. pic.twitter.com/niGzFDZixO
Unfinished Pattern: (1) SPX turned around at 4161, without breaking lower target of 4114, not to mention the final target of this LD. (2) Still can not find a satisfactory EW pattern to fit the tape--but trend and TA have turned bullish. (3) I exited all my puts is a right move👇
AAPL held the line: (1) one of the unmistakable sign of a turn of momentum from bearish to bullish is AAPL's reaction at the key support line. (2) given the enormous negative news of SHENZHEN's shutdown on Monday, AAPL has all the reason to breakdown. It didn't, WHICH IS BULLISH.
Target for this leg: (1) haven't figured out how to count the waves from 4157-4161, but the current structure from 4161 points to a primary target of 4400-4450 in a couple of days. (2) then it should back-test the breakout point, retracing to 4300 zone before go back up again.
Interesting that today's NYSE Advance/Decline volume making a big ignition move up...— Traderstewie (@traderstewie) March 16, 2022
Looks similar to the move we saw on the Covid19 crash bottom in mid March 2020? pic.twitter.com/BWY5macc1K
The more the Fed hikes, the bigger the liquidity eruption wil be https://t.co/OVTTY1ZevP— zerohedge (@zerohedge) March 16, 2022